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Ashford Completes $142 Million Sale

Ashford Completes $142 Million Sale

DALLAS—Ashford Hospitality Trust, Inc. announced today that it has completed its previously-announced sale of a 5-hotel, 1,396-room portfolio of select-service hotels for $142 million in cash ($102,000 per key) to Noble Investment Group. The 5-hotel portfolio is comprised of the ...

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Homewood Suites Breaks Ground in Arlington

Homewood Suites Breaks Ground in Arlington

ROSSLYN, Va.—The B.F. Saul Company is adding an upscale, all-suite hotel to its presence in Arlington County, Va. On June 1, partners from Hilton Worldwide, the Commonwealth of Virginia, Arlington County, Donohoe Construction Company, and BB&T joined the B.F. Saul ...

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Hilton Enters Cleveland with New Hotel

Hilton Enters Cleveland with New Hotel

Located on Lakeside Avenue in downtown Cleveland, the new Hilton Cleveland downtown hotel overlooks Lake Erie and FirstEnergy Stadium, towering 32 floors high with 600 spacious guest rooms. Shawn McAteer, vice president, global brand management, and full service brands for ...

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Asbury Park’s First Hotel in 50 Years Opens

Asbury Park’s First Hotel in 50 Years Opens

ASBURY PARK—A lawn with a white picket fence isn’t standard at hotels, especially on a roof overlooking the Atlantic Ocean. But The Asbury, which opened Memorial Day weekend, is the opposite of standard. A reimagining of the classic beach hotel, ...

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Sage Hospitality Acquires Holiday Inn Atlanta Perimeter

Sage Hospitality Acquires Holiday Inn Atlanta Perimeter

ATLANTA—Hunter Hotel Advisors announced today that they represented an institutional investor out of Los Angeles, in the sale of the Holiday Inn Atlanta Perimeter in Dunwoody, Ga. The hotel was purchased through a joint venture between Denver-based Sage Hospitality, a ...

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Committed Occupancy Grows in May

Committed Occupancy Grows in May

NEW YORK—The spring booking bounce is spreading this season, with 22 of the top 25 North American markets showing committed occupancy growth compared to last month. In addition, committed occupancy for the second quarter of 2016 through the first quarter ...

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